The Reserve Bank of India (RBI) has adopted a new approach to communicating its debt management strategy, unveiling a three-year plan on December 31.

The medium-term debt management strategy (MTDS) document lays out the RBI’s intended approach to the trade-off between risk and cost, as it performs its role as the government’s debt manager over the next three years. The central bank said it will update the strategy in a similar document each year.

MTDS is a ‘best practice’ approach developed by